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<p>[QUOTE="lettow, post: 481080, member: 6986"]Recent research by Peter Huntoon and others (myself included but Peter is really at the forefront on this) has revealed that the left over stock of small size Federal Reserve Bank Notes was issued during WWII as an emergency measure. According to records in the BEP it was done to save time in having to print new currency during the war when the manpower at the BEP was stretched by the war effort (particularly the printing of war bonds). There was considerable controversy over this at the time from economists and others who protested these notes entering the money supply. </p><p><br /></p><p>Unfortunately, there does not appear to be any record of the serial numbers of the notes that were issued as the emergency currency during WWII so there is no way to distinguish the war-related issues from the 1933 issues.[/QUOTE]</p><p><br /></p>
[QUOTE="lettow, post: 481080, member: 6986"]Recent research by Peter Huntoon and others (myself included but Peter is really at the forefront on this) has revealed that the left over stock of small size Federal Reserve Bank Notes was issued during WWII as an emergency measure. According to records in the BEP it was done to save time in having to print new currency during the war when the manpower at the BEP was stretched by the war effort (particularly the printing of war bonds). There was considerable controversy over this at the time from economists and others who protested these notes entering the money supply. Unfortunately, there does not appear to be any record of the serial numbers of the notes that were issued as the emergency currency during WWII so there is no way to distinguish the war-related issues from the 1933 issues.[/QUOTE]
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